We Have No Idea What We're Doing With Money

Has this ever happened to you: You see something you just have to have and you either buy it immediately or save up to get it for yourself.

But then once you have it … you don’t want it.

We’ve all experienced buyer’s remorse at one point or another. It can be tough to make clear-headed choices with our hard-earned cash. But is this just human nature, or is it something we can learn to control? Why do we often make irrational choices when it comes to spending?

Tweet at us and tell us what the craziest purchase you’ve ever made was.

GUESTS

Dan Ariely, James B Duke Professor of psychology and behavioral economics, Duke; Founder and Director, Center for Advanced Hindsight; author of “Dollars and Sense: How We Misthink Money And How To Spend Smarter;” @danariely

Jeff Kreisler, Comedian and writer; co-author of “Dollars and Sense: How We Misthink Money And How To Spend Smarter;” Recipient of the Bill Hicks Spirit Award for Thought Provoking Comedy; @jeffkreisler

Michelle Singletary, Syndicated columnist of “The Color of Money” for The Washington Post; @SingletaryM

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